Nigeria seeds N500m for software development
SOFTWARE| Nov. 12, 2012, 8:56 p.m.
By Kokumo Goodie, Lagos, Nigeria
The Federal Government of Nigeria has taken a bold step toward ensuring that the ICT sector contributes significantly to gross domestic product (GDP) of the nation.
The government said it has seeded N500 million as part of the USD15m Technology Venture Capital Fund required to grow the nation's local software sector through a software incubation programmes across the country.
Addressing a forum on software incubation in Lagos, the Minister of Communications Technology, Mrs. Omobola Johnson, said the N500m would be seeded through the Nigeria Information Technology Development Fund (NITDEF), stressing that the government seed fund would attract the remaining USD12 million from investors both locally and internationally.
She said it is part of efforts to grow the software sub-sector of the ICT industry and make it contribute substantially to to the GDP, adding that the pilot project will be established in Lagos and Calabar, the Cross River State capital.
Johnson said the e-Learning Centre would host the software incubation centre in Lagos while Tinapa Knowledge City would house the Cross River State Innovation centre.
Rather than being government-owned, the minister said the innovation centres would be 'government-inspired' or 'government- catalysed' but would eventually be run by a non profit organisation to be set up soon.
According to her, government would initially provide the enabling environment for the proper take off of the incubation centres and later step aside and allow the centres to have lives of their own.
Specifically, the minister said the software incubation programme would initially be government-funded with the aim of attracting more investors in the long run.
Johnson said Lagos and Calabar would serve as pilots, stating that the Lagos Innovation Centre would take off before the end of the year.
"We have chosen two different locations for test pilots. We will deliver Lagos by year end or early next year. Calabar will be delivered by end of the first quarter of 2013," the minister romised.
Ms. Helen Anatogu, programme manager in charge of the implementation of the software incubation programme, in a presentation, revealed that the Federal Government planned to have established six incubation software incubation centres by the end of 2015.
Some of the potential locations for other software incubation centres, according to the presentation, include Abeokuta, Enugu, Ife and Abuja which she said were chosen based on parameters like presence of large students and availability of tertiary institutions in the areas.
The focus of the software incubation programme and centres, according to her, include enterprise software development, linguistic software, custom programming, mobile software, business intelligence and gaming.
Essentially targeted at students, start-ups and software development companies, she disclosed that the programme would offer business and technological training, access to software development tools at no cost, use of facilities and computer resources for development purposes, mentoring, assistance with marketing and promotion, as well as access to finance.
According to her the models adopted were adapted from that of Egypt, India, US and Kenya.
MORE SOFTWARE NEWS
Two Oceans Marketing simplifies a complex stock environment with Sage X3 and Sage Inventory AdvisorTwo Oceans Marketing has implemented the Sage X3 and Sage Inventory Advisor from Sage Enterprise (Previously Sage ERP Africa) to streamline stock management. Read More
Riding the wave of West Africa’s digital economyCompanies in Nigeria and the rest of the region who do not embrace the digital world will be at a serious disadvantage to their competitors, says Sage. Read More
Technology driver of other sectors, says Asseco chiefNigeria’s former Minister of Foreign Affairs, Odein Ajumogobia, has advised businesses wishing to optimise resources and increase production to embrace technology, adding that it is the force that sits at driving seat of economic development. Read More
Uganda’s Infinity Computers awards services, cloud deal to IBMLeading Ugandan IT services provider Infinity Computers has chosen IBM to deliver cloud, analytics and IT services to support a wide range of new web and mobile offerings for its clients. Read More
Red Hat Brings Open Source curriculum to EMEA studentsRed Hat Academy, an open source education programme, is now available to universities with the required technology and support environments in the Europe, Middle East & Africa (EMEA) region. Read More
Luba Freeport streamlines its sea of paper with Sage X3Luba Freeport has implemented the Finance and Distribution modules of the Sage X3 business management solution to automate its business processes across finance and operations. Read More
Microsoft releases Office 2016On Tuesday, Microsoft Corp. began the worldwide release of Office 2016. Read More
Harley’s accelerates its business processes with Sage X3Harley’s Limited, a Kenyan company that imports and distributes medical equipment and pharmaceuticals into the East African market, has streamlined its business processes and improved agility by rolling out the Sage X3 applications suite. Read More
Global Study finds DevOps a key contributor to bottom lineCA Southern Africa has revealed details of a recent study which shows that having a DevOps strategy helps drive tangible business benefits to enterprises. Read More
Enterprise app stores the cornerstone of enterprise mobilityUltimately, an enterprise app store is the future of enterprise mobility, says In2IT Technologies South Africa. Read More
FEATURED STORYeCommerce in Africa urged to take advantage of mobile
The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets.
BEST READ NEWS
IN DEPTHNigeria needs $25b investment in broadband, says Wood
Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.
COMPANY NEWSDDoS reality check: It can happen to you
The Distributed Denial of Service (DDoS) threat has changed to one where the attack types are more diverse and nefarious than before.